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ND SB2187

Bill

Official Source

Status

Passed

3/26/2015

Primary Sponsor

Jerry Klein

Click for details

Origin

Senate

64th Legislative Assembly

AI Summary

  • Changes the filing deadline for surplus lines producers' annual tax statements from April 1 to March 2 of each year.

  • Replaces the term "verified report" with "annual tax statement" throughout the statute governing surplus lines insurance filings.

  • Establishes a civil penalty of $25 per day for delinquency when surplus lines producers fail to file required documents, pay taxes, or file annual tax statements.

  • Moves the tax payment deadline from May 1 to March 2 of each year.

  • Becomes effective June 1, 2015, and is declared an emergency measure.

Legislative Description

Surplus lines insurance filings; to provide a penalty; to provide an effective date; and to declare an emergency.

Last Action

Signed by Governor 03/26

3/26/2015

Committee Referrals

Industry, Business, and Labor1/12/2015

Full Bill Text

No bill text available